Slow and steady wins the race: For the third week in a row, Miami-Dade County’s condo market has remained in the $40 million range for sales volume. Closing prices for last week’s top 10 deals, however, were down considerably.
At the top of the list was Ivette Fernandez’s $1.85 million sale of unit 401 at the Ocean Club in Key Biscayne. Fernandez, of Preferred Realty & Associates, had the corner unit on the market for 189 days before closing at $850 per square foot. The three-bedroom, two-and-a-half unit boasts two terraces, a private elevator and gourmet kitchen.
Close behind that deal was the $1.825 million sale of unit 3703 at Jade Ocean in Sunny Isles Beach. After only 67 days, listing agent Marina Solo of Decorus Realty sold the unit for $1,277 per square foot. Some of the two-bedroom, three-bathroom unit’s features include modern finishes, ocean views and a smart home system.
Finally, the last week’s third-priciest deal was for unit 15311 at the Seaside Villas on Fisher Island. Denise LeVine of Denise LeVine Realty closed the $1.775 million sale after the unit spent 912 days on the market. The one-bedroom unit’s Jacuzzi, oceanfront terrace and included furnishings fetched a whopping $2,063 per square foot.
After those top three sales, the week’s remaining seven priciest deals ranged from $1.525 million to $890,000.
A total of 133 condos were sold in Miami-Dade last week for $45.542 million. That’s a slight dip from the previous week’s 134 sales for $49.552 million. Average prices were $342,423 per unit and $280 per square foot.
The Ocean Club #401, Key Biscayne | $1.85M | $850 psf | 189 days on market | Ivetter Fernandez of Preferred Realty & Associates
Carbonell #2505, Brickell Key | $890,000 | $591 psf | 150 days on market | Reynier Lezcano of One Sotheby’s International Realty
Most days on market
Seaside Villas #15311, Fisher Island | 912 days on market | $1.775M | $2,063 psf | Denise Levine of Denise LeVine Realty
Least days on market
Casa Del Mar #9E, Key Biscayne | 20 days on market | $1.499M | $799 psf | Lorraine Neumann of Ocean Club Realty